Solv Protocol attracts over 12k BTC investment, integrates Babylon partnership

Decentralized Liquidity Financial Protocol Attains Milestone

Solv Protocol, a decentralized liquidity financial protocol, has achieved a significant milestone by attracting over 12,000 Bitcoin investments across various chains including Arbitrum, BNB Chain, and Merlin Chain as reported on X.

Partnership with Babylon Boosts SolvBTC Restaking Yields

Solv Protocol has forged a partnership with Babylon to bring native BTC restaking yields to SolvBTC. This integration aims to secure PoS chains, roll-ups, and AVS, thereby unlocking new use cases for SolvBTC and enhancing its value proposition in the decentralized crypto scene.

Binance Labs Investment Fuels Growth in Financial NFTs

Binance Labs’ strategic investment in Solv Protocol back in January 2022 has played a crucial role in bolstering the adoption of financial NFTs within the cryptocurrency landscape. Following a recent influx of more than $800 million, Solv Protocol plans to integrate additional income sources and leverage Babylon’s restaking yield to expand its utility across various DeFi protocols.

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